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The UK FSA: Nobody does it better?

Margaret Cole, Director of Enforcment, FSA, was invited this week at Fordham Law School, New York
She explained why the FSA is so credible in its assignments as regulator.
She explained notably that own procedures enable them to impose unlimited fines, to alter or withdraw a person or a firm's ability to conduct regulated activities, or even to prohibit (ban) them from the industry altogether.
The FSA actively looks for new ways to make sure its penalties bring about the deterrent effect the FSA wants to achieve. This means considering not only the types and levels of penalties the FSA imposes but making sure that the penalties impact upon the right people

See speech

06:00 Posted in UK | Permalink | Comments (0)

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